{"id":2495,"date":"2023-02-01T13:14:28","date_gmt":"2023-02-01T11:14:28","guid":{"rendered":"https:\/\/insolvency.dgmedialink.com\/ptoxeusi-fisikon-prosopon\/"},"modified":"2023-11-29T13:58:07","modified_gmt":"2023-11-29T11:58:07","slug":"ptoxeusi-fisikon-prosopon","status":"publish","type":"page","link":"https:\/\/www.insolvency.gov.cy\/en\/ptoxeusi-fisikon-prosopon\/","title":{"rendered":"Bankruptcy of Natural Persons"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"2495\" class=\"elementor elementor-2495 elementor-876\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-20546e9f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"20546e9f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1a86eaa0\" data-id=\"1a86eaa0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-63608187 elementor-widget elementor-widget-heading\" data-id=\"63608187\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 04-12-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Bankruptcy of Natural Persons<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-67d29735 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"67d29735\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b161096\" data-id=\"b161096\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-93e028e elementor-widget elementor-widget-text-editor\" data-id=\"93e028e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 04-12-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-67d29735 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"67d29735\" data-element_type=\"section\">\n<div class=\"elementor-container elementor-column-gap-default\">\n<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b161096\" data-id=\"b161096\" data-element_type=\"column\">\n<div class=\"elementor-widget-wrap elementor-element-populated\">\n<div class=\"elementor-element elementor-element-93e028e elementor-widget elementor-widget-text-editor\" data-id=\"93e028e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<p>Bankruptcy is the insolvency procedure where the Court declares the debtor bankrupt, following the filing of a bankruptcy petition, either by the debtor or a creditor. Once the Court issues the bankruptcy order, the property of the bankrupt is passed on to the trustee and is distributed between the creditors.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ba98f43 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ba98f43\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-aa97024\" data-id=\"aa97024\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cfe8c1c elementor-widget elementor-widget-heading\" data-id=\"cfe8c1c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><a href=\"\/en\/legislation\/\u03c6\u03c5\u03c3\u03b9\u03ba\u03ac-\u03c0\u03c1\u03cc\u03c3\u03c9\u03c0\u03b1-\u03c3\u03b5-\u03c0\u03c4\u03ce\u03c7\u03b5\u03c5\u03c3\u03b7\/\">Legislation<\/a><\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-444b1f83 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"444b1f83\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-743ef322\" data-id=\"743ef322\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-630c976e elementor-widget elementor-widget-heading\" data-id=\"630c976e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Information related to Bankruptcies<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b80ab18 elementor-widget elementor-widget-heading\" data-id=\"b80ab18\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Research in Bankruptcy Register<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f43ce7 elementor-widget elementor-widget-text-editor\" data-id=\"5f43ce7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>There is a\u00a0<a href=\"https:\/\/www.insolvency.gov.cy\/en\/mitroa\/psn\/\">bankruptcies and liquidations register<\/a>\u00a0uploaded on the website of the Insolvency Department, where research can be conducted by providing the name or the identity number of a bankrupt person. The registry contains information, such as bankruptcy date, name of trustee and the bankruptcy order\u2019s publication date.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d61dee elementor-widget elementor-widget-spacer\" data-id=\"5d61dee\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.18.0 - 04-12-2023 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container{height:100%;width:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty,.e-con>.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d5073d2 elementor-widget elementor-widget-heading\" data-id=\"d5073d2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Filing a bankruptcy application<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d8df8e elementor-widget elementor-widget-text-editor\" data-id=\"5d8df8e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A bankruptcy petition can be submitted to the Court by a creditor or the debtor if the total amount of unsecured debts exceeds the amount of \u20ac15,000.<\/p>\n<p>The applicant must provide a certificate that there are no ongoing debt restructuring procedures based on the Insolvency of Natural Persons (Personal Repayment Plans and Debt Relief Order) Law of 2015, which is issued by the Insolvency Department.<\/p>\n<p>A fee of \u20ac500 is paid to the Insolvency Department and proof of payment is attached to the application.<\/p>\n<p>If the application is made by the debtor, must be accompanied by an affidavit that he has made reasonable efforts to compromise with his creditors by submitting to them a Personal Repayment Plan, under the relevant law, to the extent that the debtor\u2019s circumstances allow him to do such an arrangement. Moreover, the application must be served to all creditors.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-26657a2 elementor-widget elementor-widget-spacer\" data-id=\"26657a2\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf64940 elementor-widget elementor-widget-heading\" data-id=\"bf64940\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Results of Bankruptcy<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-50fc501 elementor-widget elementor-widget-text-editor\" data-id=\"50fc501\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>With the issuance of the Bankruptcy Order, the property of the bankrupt is passed on to the trustee and is distributed among creditors who submitted a debt verification form.<\/p>\n<p>The Bankrupt is disqualified from being elected, or being:<\/p>\n<p>(a) a member of the Legislative Council, (b) a mayor or a member of the Municipal Council,<\/p>\n<p>(c) a member of a District Council, (d) a community leader, unless he secures his discharge with a certificate issued by the court, showing that his bankruptcy was not caused due to his own misconduct.<\/p>\n<p>Moreover, a bankrupt cannot be a director in a company without a court permission, cannot sell or transfer his property or create more debts without informing his creditors about the bankruptcy order.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b52e073 elementor-widget elementor-widget-spacer\" data-id=\"b52e073\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7101c4e elementor-widget elementor-widget-heading\" data-id=\"7101c4e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Lawsuits against bankrupt persons<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-626d3a0 elementor-widget elementor-widget-text-editor\" data-id=\"626d3a0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-626d3a0 elementor-widget elementor-widget-text-editor\" data-id=\"626d3a0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<p>No creditor shall file a lawsuit or other legal proceeding regarding a verifiable debt, except when there is a court\u2019s permission. If a lawsuit or other legal proceeding was filed against the bankrupt before the issuance of the bankruptcy order, it continues without requiring a Court permission or amendment of the title of the lawsuit or other legal proceeding.<\/p>\n<\/div>\n<\/div>\n<div class=\"elementor-element elementor-element-8442036 elementor-widget elementor-widget-spacer\" data-id=\"8442036\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n<div class=\"elementor-widget-container\">\n<div class=\"elementor-spacer\"><\/div>\n<\/div>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8442036 elementor-widget elementor-widget-spacer\" data-id=\"8442036\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd7a8b6 elementor-widget elementor-widget-heading\" data-id=\"dd7a8b6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Encumbrance on bankrupt\u2019s estate<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d687d8 elementor-widget elementor-widget-text-editor\" data-id=\"8d687d8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8d687d8 elementor-widget elementor-widget-text-editor\" data-id=\"8d687d8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<p>After the issuance of the bankruptcy order, nobody will be entitled to register any encumbrances on the property of the bankrupt.<\/p>\n<\/div>\n<\/div>\n<div class=\"elementor-element elementor-element-bb5fea3 elementor-widget elementor-widget-spacer\" data-id=\"bb5fea3\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n<div class=\"elementor-widget-container\">\n<div class=\"elementor-spacer\"><\/div>\n<\/div>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bb5fea3 elementor-widget elementor-widget-spacer\" data-id=\"bb5fea3\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78b2b47 elementor-widget elementor-widget-heading\" data-id=\"78b2b47\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Obligations of the Bankrupt<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4cff13a elementor-widget elementor-widget-text-editor\" data-id=\"4cff13a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The\u00a0<a href=\"https:\/\/www.insolvency.gov.cy\/wp-content\/uploads\/%CE%A0%CF%81%CE%BF%CE%BA%CE%B1%CF%84%CE%B1%CF%81%CE%BA%CF%84%CE%B9%CE%BA%CE%AE-%CE%95%CE%BE%CE%AD%CF%84%CE%B1%CF%83%CE%B7-%CF%87%CF%81%CE%B5%CF%8E%CF%83%CF%84%CE%B7-1.docx\" target=\"_blank\" rel=\"noopener\">bankruptcy Order<\/a>\u00a0is published in the official gazette of the Republic of Cyprus and on the website of the Department of Insolvency and is additionally uploaded in the\u00a0<a href=\"https:\/\/www.insolvency.gov.cy\/wp-content\/uploads\/%CE%88%CE%BA%CE%B8%CE%B5%CF%83%CE%B7-%CE%9A%CE%B1%CF%84%CE%B1%CF%83%CF%84%CE%AC%CF%83%CE%B5%CF%89%CF%82-%CF%80%CE%B5%CF%81%CE%B9%CE%BF%CF%85%CF%83%CE%AF%CE%B1%CF%82-%CF%87%CF%81%CE%B5%CF%8E%CF%83%CF%84%CE%B7-1.xls\" target=\"_blank\" rel=\"noopener\">register of bankruptcies and liquidations<\/a>.<\/p>\n<p>It is also notified to the Tax Department, the Director of the Land Registry Department, the Social Insurance Services and, if the bankrupt is an employee, to his employer.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f53640 elementor-widget elementor-widget-spacer\" data-id=\"7f53640\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-895816a elementor-widget elementor-widget-heading\" data-id=\"895816a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Notification of Bankruptcy Order<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-022e58f elementor-widget elementor-widget-text-editor\" data-id=\"022e58f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The bankruptcy Order is published in the official gazette of the Republic of Cyprus and on the website of the Department of Insolvency and is additionally uploaded in the\u00a0<a href=\"https:\/\/www.insolvency.gov.cy\/en\/mitroa\/psn\/\">register of bankruptcies and liquidations<\/a>.<\/p>\n<p>It is also notified to the Tax Department, the Director of the Land Registry Department, the Social Insurance Services and, if the bankrupt is an employee, to his employer.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b2c4600 elementor-widget elementor-widget-spacer\" data-id=\"b2c4600\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b61713 elementor-widget elementor-widget-heading\" data-id=\"3b61713\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Proof of Debt<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d5a00c elementor-widget elementor-widget-text-editor\" data-id=\"7d5a00c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Any creditor who wants to recover a debt from the bankrupt\u2019s estate, must submit a\u00a0<a href=\"https:\/\/www.insolvency.gov.cy\/wp-content\/uploads\/%CE%95%CF%80%CE%B1%CE%BB%CE%AE%CE%B8%CE%B5%CF%85%CF%83%CE%B7-%CF%87%CF%81%CE%AD%CE%BF%CF%85%CF%82-%CE%B3%CE%B9%CE%B1-%CE%AC%CF%84%CE%BF%CE%BC%CE%B1-30-%CE%BD%CE%AD%CE%B1-1.docx\" target=\"_blank\" rel=\"noopener\">proof of debt form<\/a>\u00a0to the trustee within 35 days of the date of publication of the bankruptcy order in the Official Gazette, with the right to apply for time extension.<\/p>\n<p>The proof of debt form is filled in with the amount of debt as at the date of the Bankruptcy Order. Along must me attached any evidence of the debt and if there are guarantors, the form with their data.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5043af8 elementor-widget elementor-widget-spacer\" data-id=\"5043af8\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-781e948 elementor-widget elementor-widget-heading\" data-id=\"781e948\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Examination of the proof of debt form<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-399b7e5 elementor-widget elementor-widget-text-editor\" data-id=\"399b7e5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-399b7e5 elementor-widget elementor-widget-text-editor\" data-id=\"399b7e5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<p>The trustee examines every proof of debt and within 10 days accepts or rejects it in writing. If the proof of debt form is rejected the creditor is informed about the reasons of the rejection. The guarantor is informed by the creditor regarding the acceptance or rejection of the proof of debt form. The creditor as well as the guarantor in case they are not satisfied with the decision, can appeal to the Court within 21 days, from the day they became aware of the decision. In case anyone appeals to the court, the court can validate, annul or vary the decision of the trustee.<\/p>\n<\/div>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f2b548a elementor-widget elementor-widget-spacer\" data-id=\"f2b548a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4abc593 elementor-widget elementor-widget-heading\" data-id=\"4abc593\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Valuation of property subject to encumbrances<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-670274a elementor-widget elementor-widget-text-editor\" data-id=\"670274a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The secured creditor, within 10 days from the publication of the bankruptcy order in the official gazette, must submit to the trustee and to guarantors if any, a valuation of the property on which there is a security, along with the form\u00a0<a href=\"https:\/\/www.insolvency.gov.cy\/wp-content\/uploads\/%CE%94%CE%97%CE%9B%CE%A9%CE%A3%CE%97-%CE%95%CE%9E%CE%91%CE%A3%CE%A6%CE%91%CE%9B%CE%99%CE%A3%CE%9C%CE%95%CE%9D%CE%9F%CE%A5-%CE%A0%CE%99%CE%A3%CE%A4%CE%A9%CE%A4%CE%97-%CE%93%CE%99%CE%91-%CE%A0%CE%A4%CE%A9%CE%A7%CE%95%CE%A5%CE%A3%CE%95%CE%99%CE%A3-%CE%94%CE%95%CE%A0%CE%A0-2.docx\" target=\"_blank\" rel=\"noopener\">\u0394\u0395\u03a0\u03a0<\/a>.<\/p>\n<p>Within 10 days from the submission of the valuation, the trustee and the guarantor where applicable: a) either agree among themselves and with the creditor as to the market value of the property, and in such a case the valuation is binding for all parts,<\/p>\n<ol>\n<li>b) either appoint an independent valuator or<\/li>\n<li>c) ask the Insolvency Department to appoint an independent valuator.<\/li>\n<\/ol>\n<p>The appointed independent valuator determines, within ten days from his appointment, the value of the property subject to security, and the valuation is binding for all parts.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e97fce elementor-widget elementor-widget-spacer\" data-id=\"1e97fce\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4193ccd elementor-widget elementor-widget-heading\" data-id=\"4193ccd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Bankrupt\u2019s property not distributed to creditors<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aaf5fef elementor-widget elementor-widget-text-editor\" data-id=\"aaf5fef\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aaf5fef elementor-widget elementor-widget-text-editor\" data-id=\"aaf5fef\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<p>The bankrupt has the right to own the following property:<\/p>\n<p>Books, tools and other objects or equipment necessary for his business, of total value up to \u20ac6,000.<\/p>\n<p>A vehicle worth up to \u20ac3,000. If the bankrupt or a dependent person is a person with a disability, the value of their vehicle may be higher.<\/p>\n<p>Household appliances necessary to maintain a satisfactory standard of living for the bankrupt and his dependents.<\/p>\n<p>When the bankrupt or his dependents are attending primary, secondary or higher education courses, the books, materials and other equipment that are reasonably necessary.<\/p>\n<\/div>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2056602 elementor-widget elementor-widget-spacer\" data-id=\"2056602\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3806f7d elementor-widget elementor-widget-heading\" data-id=\"3806f7d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Payment of dividend to creditors<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-94a5dd1 elementor-widget elementor-widget-text-editor\" data-id=\"94a5dd1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-94a5dd1 elementor-widget elementor-widget-text-editor\" data-id=\"94a5dd1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<p>The bankrupt\u2019s property is distributed to the creditors after the deduction of actual costs, the fees of the Insolvency Department and the expenses made by the applicant creditor. Privileged debts are paid firstly and then if there is sufficient amount, follows the payment of unsecured debts in the same proportion.<\/p>\n<\/div>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a35aaf elementor-widget elementor-widget-spacer\" data-id=\"6a35aaf\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3aa3256 elementor-widget elementor-widget-heading\" data-id=\"3aa3256\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Automatic discharge from bankruptcy<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-767c950 elementor-widget elementor-widget-text-editor\" data-id=\"767c950\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A bankrupt person can automatically be discharged from bankruptcy after 3 years from the bankruptcy order, if he has submitted the statement of affairs and the preliminary report to to the trustee at least a year before the discharge date. In case of a discharge, the undistributed part of the bankruptcy estate remains with the trustee for the benefit of his creditors.<\/p>\n<p>The automatic discharge results to full discharge of the bankrupt\u2019s verifiable debts (with the exception of the debts referred in Article 27A (8) of the Bankruptcy Law Chapter 5), provided that the person acts in good faith and cooperates fully, either with the trustee, for the disposal and distribution of the bankruptcy estate.<\/p>\n<p>A<a href=\"https:\/\/www.insolvency.gov.cy\/records\/%ce%b1%ce%af%cf%84%ce%b7%cf%83%ce%b7-%ce%ad%ce%ba%ce%b4%ce%bf%cf%83%ce%b7%cf%82-%ce%b2%ce%b5%ce%b2%ce%b1%ce%af%cf%89%cf%83%ce%b7%cf%82-%ce%b1%cf%80%ce%bf%ce%ba%ce%b1%cf%84%ce%ac%cf%83%cf%84%ce%b1\/\">\u00a0discharge confirmation<\/a>\u00a0may be requested from the Insolvency Department.<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f269033 elementor-widget elementor-widget-spacer\" data-id=\"f269033\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b710220 elementor-widget elementor-widget-heading\" data-id=\"b710220\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"> <\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4115e45 elementor-widget elementor-widget-text-editor\" data-id=\"4115e45\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>&nbsp;<\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b0874ca elementor-widget elementor-widget-spacer\" data-id=\"b0874ca\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4414a9e elementor-widget elementor-widget-heading\" data-id=\"4414a9e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Property acquired after automatic discharge<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7fa31fd elementor-widget elementor-widget-text-editor\" data-id=\"7fa31fd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7fa31fd elementor-widget elementor-widget-text-editor\" data-id=\"7fa31fd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<p>Property acquired after the bankrupt\u2019s discharge is not considered a bankruptcy property and is not distributed to creditors. But if any property arose during the bankruptcy regardless of whether it was registered to the bankrupt\u2019s name after his discharge, it is part of the bankruptcy estate and should therefore go to the trustee for the benefit of the creditors.<\/p>\n<\/div>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2ef97e2 elementor-widget elementor-widget-spacer\" data-id=\"2ef97e2\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3fe25c8 elementor-widget elementor-widget-heading\" data-id=\"3fe25c8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Annulment of bankruptcy order<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-df8dead elementor-widget elementor-widget-text-editor\" data-id=\"df8dead\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-df8dead elementor-widget elementor-widget-text-editor\" data-id=\"df8dead\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<p>To annul a Bankruptcy Order, an application must be made to the Court by any interested party. An annulment order is issued if in the opinion of the Court, the debtor should not have been declared bankrupt, or if it is proved that the bankrupt\u2019s debts have been paid in full, or the creditors have consented to the annulment of the bankruptcy order.<\/p>\n<\/div>\n<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34e47354 elementor-widget elementor-widget-spacer\" data-id=\"34e47354\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5f634794 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5f634794\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2d2a3fdd\" data-id=\"2d2a3fdd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-79c5188 elementor-widget elementor-widget-heading\" data-id=\"79c5188\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Applications and forms related to Bankruptcies<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1db54110 without-form-filters elementor-widget elementor-widget-shortcode\" data-id=\"1db54110\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n    <div class=\"govcy-container govcy-p-0\">\n       \n        <div class=\"posts-filters\">\n\n            <div class=\"filters-container row govcy-bg-light govcy-pt-3 govcy-mb-3\">\n                <form action=\"https:\/\/www.insolvency.gov.cy\/wp\/wp-admin\/admin-ajax.php\" method=\"POST\" id=\"filter-records\" class=\"govcy-form govcy-p-0 form-with-filters\">\n                    <div class=\"row\">\n                        <div class=\"govcy-form-control govcy-col-6\">\n                            <label class=\"govcy-label\" for=\"categoryfilter\">Category<\/label>\n                            <select name=\"categoryfilter\" class=\"govcy-select\"><option value=\"all\">--<\/option><option value=\"99\">Application for Issuance of Non Bankruptcy and Non Winding-Up Certificate<\/option><option value=\"106\">Applications and forms for bankruptcies<\/option><option value=\"105\">Applications and forms for companies under liquidation<\/option><option value=\"104\">Applications and forms for voluntary liquidations<\/option><option value=\"103\">Forms regarding the appointment of receiver\/manager<\/option><\/select>                        <\/div>\n                        <div class=\"govcy-form-control govcy-col-6\">\n                            <label class=\"govcy-label\" for=\"keyword\">Title\/Content<\/label>\n                            <input id=\"keyword\" name=\"keyword\" class=\"govcy-text-input\" type=\"text\">\n                        <\/div>\n                    <\/div>\n                    \n                    <div class=\"row\">\n                        <div class=\"govcy-form-control govcy-col-12\">\n                            <button class=\"govcy-btn-primary govcy-mb-0\">SEARCH<\/button>\n                            <input type=\"hidden\" name=\"action\" value=\"myfilter2\">\n                        <\/div>\n                    <\/div>\n                <\/form>\n            <\/div>\n        \n        \n            <div id=\"response\">\n                <table id=\"records-table\" class=\"govcy-table\"><thead><tr class=\"govcy-br-input\"><th>Application\/Form<\/th><th>Category<\/th><th>Price<\/th><th>Electronic Submission<\/th><th><\/th><\/tr><\/thead><tbody><tr><td><p>General Proxy Form 34<\/p><\/td><td>Applications and forms for bankruptcies<\/td><td>\u20ac0,00<\/td><td>-<\/td><td><a href=\"https:\/\/www.insolvency.gov.cy\/en\/records\/%ce%b3%ce%b5%ce%bd%ce%b9%ce%ba%cf%8c-%cf%80%ce%bb%ce%b7%cf%81%ce%b5%ce%be%ce%bf%cf%8d%cf%83%ce%b9%ce%bf-%cf%84%cf%8d%cf%80%ce%bf%cf%82-34\/\">More<\/td><\/tr><tr><td><p>Proof of debt form for bankrupt persons<\/p><\/td><td>Applications and forms for bankruptcies<\/td><td>\u20ac0,00<\/td><td>-<\/td><td><a href=\"https:\/\/www.insolvency.gov.cy\/en\/records\/%ce%b5%cf%80%ce%b1%ce%bb%ce%ae%ce%b8%ce%b5%cf%85%cf%83%ce%b7-%cf%87%cf%81%ce%ad%ce%bf%cf%85%cf%82-%ce%b3%ce%b9%ce%b1-%cf%80%cf%84%cf%89%cf%87%ce%b5%cf%8d%cf%83%ce%b5%ce%b9%cf%82\/\">More<\/td><\/tr><tr><td><p>Special Proxy Form 35<\/p><\/td><td>Applications and forms for bankruptcies<\/td><td>\u20ac0,00<\/td><td>-<\/td><td><a href=\"https:\/\/www.insolvency.gov.cy\/en\/records\/%ce%b5%ce%b9%ce%b4%ce%b9%ce%ba%cf%8c-%cf%80%ce%bb%ce%b7%cf%81%ce%b5%ce%be%ce%bf%cf%8d%cf%83%ce%b9%ce%bf-%cf%84%cf%8d%cf%80%ce%bf%cf%82-35\/\">More<\/td><\/tr><\/body><\/table><div class=\"pagination\"><\/div>            <\/div>\n        <\/div>\n    <\/div>\n    \t\t<div class=\"elementor-shortcode\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6f0217f9 elementor-widget elementor-widget-spacer\" data-id=\"6f0217f9\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-413208a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"413208a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-975cf37\" data-id=\"975cf37\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-af59e8f elementor-widget elementor-widget-heading\" data-id=\"af59e8f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/www.insolvency.gov.cy\/payment-dividends\/\">Payment of Dividends<\/a><\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7a34e54d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7a34e54d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-113390d9\" data-id=\"113390d9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1921cb80 elementor-widget elementor-widget-heading\" data-id=\"1921cb80\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Guidebooks and manuals<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3bb24da3 elementor-widget elementor-widget-text-editor\" data-id=\"3bb24da3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><a href=\"https:\/\/www.insolvency.gov.cy\/wp-content\/uploads\/%CE%9F%CE%B4%CE%B7%CE%B3%CF%8C%CF%82-%CE%A0%CF%84%CF%89%CF%87%CE%B5%CF%8D%CF%83%CE%B5%CF%89%CE%BD-%CE%BA%CE%B1%CE%B9-%CE%95%CE%BA%CE%BA%CE%B1%CE%B8%CE%B1%CF%81%CE%AF%CF%83%CE%B5%CF%89%CE%BD-%CE%95%CF%84%CE%B1%CE%B9%CF%81%CE%B5%CE%B9%CF%8E%CE%BD.pdf\" target=\"_blank\" rel=\"noopener\">\u039f\u03b4\u03b7\u03b3\u03cc\u03c2 \u03a0\u03c4\u03c9\u03c7\u03b5\u03cd\u03c3\u03b5\u03c9\u03bd \u03ba\u03b1\u03b9 \u0395\u03ba\u03ba\u03b1\u03b8\u03b1\u03c1\u03af\u03c3\u03b5\u03c9\u03bd \u0395\u03c4\u03b1\u03b9\u03c1\u03b5\u03b9\u03ce\u03bd<\/a><\/p>\n<p><a href=\"https:\/\/www.insolvency.gov.cy\/wp-content\/uploads\/PAYMENT-OF-DIVIDEND-MANUAL-2023.docx\" target=\"_blank\" rel=\"noopener\">Manual for payment of dividend to creditors<\/a><\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2b237daa elementor-widget elementor-widget-spacer\" data-id=\"2b237daa\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Bankruptcy of Natural Persons Bankruptcy is the insolvency procedure where the Court declares the debtor bankrupt, following the filing of a bankruptcy petition, either by the debtor or a creditor. Once the Court issues the bankruptcy order, the property of the bankrupt is passed on to the trustee and is distributed between the creditors. Legislation [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.insolvency.gov.cy\/en\/wp-json\/wp\/v2\/pages\/2495"}],"collection":[{"href":"https:\/\/www.insolvency.gov.cy\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.insolvency.gov.cy\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.insolvency.gov.cy\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insolvency.gov.cy\/en\/wp-json\/wp\/v2\/comments?post=2495"}],"version-history":[{"count":14,"href":"https:\/\/www.insolvency.gov.cy\/en\/wp-json\/wp\/v2\/pages\/2495\/revisions"}],"predecessor-version":[{"id":6452,"href":"https:\/\/www.insolvency.gov.cy\/en\/wp-json\/wp\/v2\/pages\/2495\/revisions\/6452"}],"wp:attachment":[{"href":"https:\/\/www.insolvency.gov.cy\/en\/wp-json\/wp\/v2\/media?parent=2495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}